The EU’s executive Commission said it formally launched the investigations over concerns that Apple’s way of doing business hurts consumers by limiting choice and innovation and keeping prices high. Apple dismissed the complaints as “baseless.”
The commission is examining whether Apple Pay’s rules require online shops to make it the preferred or default option, effectively shutting out rival payment systems. It’s also investigating concerns that it limits access for rival payment systems to the “tap and go” wireless function on iPhones.
You can read up to 3 premium stories before you subscribe to Magzter GOLD
Log in, if you are already a subscriber
Get unlimited access to thousands of curated premium stories, newspapers and 5,000+ magazines
READ THE ENTIRE ISSUE